trade deficit

When Was The Last Time That The United States Experienced A Trade Surplus?

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When Was The Last Time That The United States Experienced A Trade Surplus? The US last had a trade surplus in 1975. Has the United States had a trade surplus? In 2020, U.S. exports of services were $697.1 billion, which were the lowest since 2012. That exceeded its imports of $460.1 billion, which were the

How Does Interest Rate Affect Balance Of Payment?

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How Does Interest Rate Affect Balance Of Payment? On the one hand, lower interest rates encourage consumer spending; therefore there will be a rise in spending on imports. This will cause a deterioration in the current account. However, lower interest rates should cause a depreciation in the exchange rate. How does interest affect your payments?